Â
Sponsored by
CALIFORNIA NEWS
Calif. gas prices hit all-time high
Posted: Oct 6, 2012 12:56 PM by ASSOCIATED PRESS
There are multiple updates to this story. Please click here to get the latest information.
LOS ANGELES (AP) - It's a record, though just barely. The price of gasoline has hit an all-time average high in California of $4.6140 a gallon, fueled by a reduced supply and a volatile market.
AAA spokesman Michael Green says Saturday's price set the record by a fraction of a penny.
The previous high was $4.6096 on June 19, 2008.
Prices throughout the state are expected to increase for several more days before leveling off, after a temporary reduction in supply triggered a price spike.
AAA's Daily Fuel Gauge report released Saturday said the average price for a gallon of regular unleaded across California rose 12 cents from its Friday mark of about $4.49.
The Golden State has leapfrogged Hawaii as the state with the most expensive fuel.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
KSBY.COM VIDEOS
-
Hasay finishes 18th at regionals, fails to advance to NCAA Championships in 10K
Views: 2 May 24, 2013 -
"Monster" reunited with owner after his cage was blown away during Oklahoma tornado
Views: 99 May 22, 2013 -
Joshua Hornsby mourns the loss of his young daughter killed in the Oklahoma tornado
Views: 30 May 22, 2013
